Paycor Hcm Stock Market Value
| PYCR Stock | USD 19.72 0.36 1.86% |
| Symbol | Paycor |
Paycor HCM Price To Book Ratio
Is Human Resource & Employment Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Paycor HCM. If investors know Paycor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Paycor HCM listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.25) | Revenue Per Share 3.811 | Quarterly Revenue Growth 0.166 | Return On Assets (0.01) | Return On Equity (0.04) |
The market value of Paycor HCM is measured differently than its book value, which is the value of Paycor that is recorded on the company's balance sheet. Investors also form their own opinion of Paycor HCM's value that differs from its market value or its book value, called intrinsic value, which is Paycor HCM's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Paycor HCM's market value can be influenced by many factors that don't directly affect Paycor HCM's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Paycor HCM's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paycor HCM is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paycor HCM's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Paycor HCM 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Paycor HCM's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Paycor HCM.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Paycor HCM on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Paycor HCM or generate 0.0% return on investment in Paycor HCM over 480 days. Paycor HCM is related to or competes with Manhattan Associates, Paycom Soft, Clearwater Analytics, Procore Technologies, Alkami Technology, Appfolio, and Agilysys. Paycor HCM, Inc., through its subsidiaries, provides software-as-a-service human capital management solutions for small ... More
Paycor HCM Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Paycor HCM's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Paycor HCM upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.1927 | |||
| Maximum Drawdown | 9.64 | |||
| Value At Risk | (2.96) | |||
| Potential Upside | 3.12 |
Paycor HCM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paycor HCM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paycor HCM's standard deviation. In reality, there are many statistical measures that can use Paycor HCM historical prices to predict the future Paycor HCM's volatility.| Risk Adjusted Performance | 0.193 | |||
| Jensen Alpha | 0.3391 | |||
| Total Risk Alpha | 0.1792 | |||
| Sortino Ratio | 0.1865 | |||
| Treynor Ratio | 0.3933 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Paycor HCM's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Paycor HCM Backtested Returns
Paycor HCM appears to be very steady, given 3 months investment horizon. Paycor HCM maintains Sharpe Ratio (i.e., Efficiency) of 0.28, which implies the firm had a 0.28% return per unit of risk over the last 3 months. By analyzing Paycor HCM's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please evaluate Paycor HCM's Coefficient Of Variation of 386.62, semi deviation of 1.39, and Risk Adjusted Performance of 0.193 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Paycor HCM holds a performance score of 22. The company holds a Beta of 1.22, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Paycor HCM will likely underperform. Please check Paycor HCM's semi variance, as well as the relationship between the daily balance of power and price action indicator , to make a quick decision on whether Paycor HCM's historical price patterns will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
Paycor HCM has weak reverse predictability. Overlapping area represents the amount of predictability between Paycor HCM time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Paycor HCM price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Paycor HCM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 3.89 |
Paycor HCM lagged returns against current returns
Autocorrelation, which is Paycor HCM stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Paycor HCM's stock expected returns. We can calculate the autocorrelation of Paycor HCM returns to help us make a trade decision. For example, suppose you find that Paycor HCM has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Paycor HCM regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Paycor HCM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paycor HCM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paycor HCM stock over time.
Current vs Lagged Prices |
| Timeline |
Paycor HCM Lagged Returns
When evaluating Paycor HCM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paycor HCM stock have on its future price. Paycor HCM autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Paycor HCM autocorrelation shows the relationship between Paycor HCM stock current value and its past values and can show if there is a momentum factor associated with investing in Paycor HCM.
Regressed Prices |
| Timeline |
Pair Trading with Paycor HCM
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Paycor HCM position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Paycor HCM will appreciate offsetting losses from the drop in the long position's value.Moving together with Paycor Stock
| 0.89 | G | Genpact Limited | PairCorr |
| 0.86 | BR | Broadridge Financial | PairCorr |
| 0.66 | BV | BrightView Holdings | PairCorr |
Moving against Paycor Stock
| 0.81 | MG | Mistras Group | PairCorr |
| 0.81 | VCIG | VCI Global Limited | PairCorr |
| 0.71 | FC | Franklin Covey | PairCorr |
| 0.63 | ESGL | ESGL Holdings Limited | PairCorr |
| 0.58 | VLTO | Veralto | PairCorr |
The ability to find closely correlated positions to Paycor HCM could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Paycor HCM when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Paycor HCM - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Paycor HCM to buy it.
The correlation of Paycor HCM is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Paycor HCM moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Paycor HCM moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Paycor HCM can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Paycor Stock Analysis
When running Paycor HCM's price analysis, check to measure Paycor HCM's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Paycor HCM is operating at the current time. Most of Paycor HCM's value examination focuses on studying past and present price action to predict the probability of Paycor HCM's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paycor HCM's price. Additionally, you may evaluate how the addition of Paycor HCM to your portfolios can decrease your overall portfolio volatility.